Sentences with phrase «full amount of premiums»

On survival, policyholders» get back the full amount of premiums paid by them throughout the policy tenure, excluding tax.

For example: As you age, the cost of life insurance will increase; and, if you do not pay the full amount of the premiums you owe (to cover the cost of increase), an insurer will reconcile the difference by taking money from the cash value you have in your policy — the cash value of your life insurance will decline — to resolve this divide.

Alternatively, you can choose to pay the full amount of the premium yourself each month and claim your total premium subsidy on your tax return the following spring (this is not a common option, but it's available and the choice is yours).

In most cases the full amount of premium that you have paid to the life insurance company will be returned in full and in some cases additional interested will be added on to the refunded amount.

b.If the combined amount to be withheld for current support plus the premium payment for health insurance exceed the amount allowed under the Consumer Credit Protection Act, and the health insurance can not be obtained unless the full amount of the premium is paid, the union or employer may not withhold the premium payment.

Not exact matches

For example, the Public Accounts / Budget / Updates includes employment insurance program costs, as the government has full control over this program, determining the premium rates and eligibility and the amount of the benefits, whereas the Estimates excludes them, on the basis that they are included as part of a specified purpose account.

State laws allow bail bond companies to charge defendants a premium of up to 12 percent of the face value of the bond imposed by a judge, in exchange for a promise to pay the full amount to the court if the defendant doesn't show up for trial.

Choose our Disablement Premium Waiver option, which pays the premiums of your pure life and dread disease policy on your behalf for a period of up to five years if you become disabled and the full cover amount of your disablement policy is paid out

Maximum yearly premiums of about $ 4,700 are split half - and - half with employers; the self - employed pay the full amount.

You can deduct, in full, the amount of health insurance premiums you pay with after - tax money.

Or if you're redeeming for a premium cabin award, you'd never pay such an exorbitant amount of actual money, so it's not fair to calculate the redemption at full cash value.

Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.

Premiums are guaranteed level for the full amount of the term and will not increase.

If you choose full tort, your premiums will be more but you will be able to sue no matter the amount of your damages.

In year one, the policy pays out 110 % of the annual premium; in year two, the policy pays out 220 % of the annual premium; the policy pays out 100 percent of the full benefit amount in year three and beyond.

Graded death benefit that pays 120 % of premiums if death occurs in first two years and the full death benefit amount thereafter.

If you die within the first two years after policy was issued, your death benefit will be limited to your amount of premiums plus 12 % per year, unless you die accidently in the first 2 years you will receive the full death benefit.

This is where GAP insurance comes in — for a nominal premium, you are guaranteed that you can finance another vehicle as soon as possible, because the GAP insurance will help cover you repay the full amount owed to the dealer or lienholder of your leased vehicle.

This means that if you happen to die during the first two years that instead of you beneficiaries getting the full amount of the policy they will receive only premiums that were paid plus a little bit of interest.

Whole life insurance provides lifetime coverage for a set premium amount (see main article for a full explanation of the many variations and options).

I constructed a model of the shadow account to explain the details of the no - lapse guarantee, and I showed why a full understanding of the no - lapse guarantee is essential for making decisions about the timing and amount of premium payments going forward.

This means that — as long at the premiums are paid that the policy is in force — the full amount of the life insurance benefit will be available to the policy's named beneficiary (or beneficiaries) should the insured pass away.

If you decide to keep full coverage but still want to lower your premium, consider raising the amount of your deductible.

The reason most people choose level term insurance to protect their mortgage is because rates are more competitive, and the premium and amount of coverage can be guaranteed for the full term of the policy.

One of the advantages of the single premium plan is that it includes a full or partial «return of premium» option after a certain amount of time.

What this means is if death is to occur within the first two years after policy issue, your death benefit will be limited to your amount of premiums plus 12 % per year, unless in the first 2 years death is accidental, in which case if pays out the full death benefit.

A premium, which is a recurring policy payment for the enactment and life of the policy coverage, is a predetermined amount of money that must be paid in full and on time by the insured on a predetermined schedule.

... BUT it's a very expensive option, AND you must continue to pay the same premium for the full amount of coverage as you will pay once the death benefit has been reduced over time.

The premium is dependant on the amount of coverage together with amount of the full time period covered.

Unlike term life insurance policies, which expire after a certain amount of time, whole life insurance policies remain in effect for the policyholder's entire life, as long as the premiums are paid on time and in full.

Then I think LIC E term plan is the only plan which can full till the requirement of a good term plan even if the premium amount is high compared to other term insurance policies in India.

If you have not departed on your trip before the date of the letter, a full refund of your premium amount will be returned.

You simply pay your monthly premiums and, upon your death, the full face value amount of your policy is contributed to that organization as a charitable gift.

Payment in full amount equal to all the policy premiums due but unpaid till the effective date of renewal.

This is because in case of one - time or annual premium payments, the insurance company saves on administrative costs and also gets a lump sum amount in advance for the full year, as opposed to the quarterly or monthly payment options.

If the policyholder has paid all the premiums that is the full amount and survives till the end term of the policy than the Maturity Benefit will be included in the Sum quoted on the maturity plus the vested Simple reversionary benefits and the Final Additional Bonus if any is there will be added.

Then I think LIC E term plan is the only plan which can full till the requirement of a good term plan even if the premium amount is high compared to other term insurance policies -LSB-...]

If the insured dies because of natural causes, the insurer will not pay the full death benefit to the beneficiary but instead will pay the total of all premiums paid to the company plus an additional small percentage of that amount.

You will need to pay the full amount of previous premiums but you save on future premiums.

Loan amount up to 90 % of the surrender value can be availed under this policy, provided 3 full policy years» premiums have been paid.

A modified endowment contract is a cash value life insurance contract in the United States where the premiums paid have exceeded the amount allowed to keep the full tax treatment of a cash value life insurance policy.

One main way many providers discount the rates of their customers is by offering a lowered premium amount for those car drivers who pay their premiums in full every time the plan is up for renewal.

For example, should the insured pass away within the first two years that the policy is in force, the beneficiary (or beneficiaries) may only receive back a refund of the premium instead of the full death benefit amount.

Home / property insurance cover the building, condominiums, mobile homes, farms, rental homes, etc., Discounts and other benefits are extended towards 100 % replacement cost, multiple home policies, payment of premium amount in full, protection devices such as smoke alarms, fire extinguishers, seasonal dwellings, etc., Apart from these facilities, optional coverage includes earthquake, flood spoilage, theft expense, etc.,

If you can pay a full year of motorcycle insurance in advance, you can typically save a considerable amount instead of paying your premium monthly.

The benefit for paying more is that the premium amount will be returned in full at the end of the term period.

In the unfortunate case of death of the life insured at any time during the policy term of 14 years, provided the policy is in force and all premiums have been paid in full, the beneficiary would be paid the death sum assured which would be the highest of: Guaranteed Sum Assured on maturity *, 10 times of Annualised Premium, 105 % of all premiums paid (including extra premiums and modal loading), Basic Sum Assured (An absolute amount of 10 times premium, including extra premiums and modal loading) or Sum of all Guaranteed Annual Payouts.

After a number of years, the policy will be entirely paid - up and the policyowner will require no further premiums to keep the full face amount in force for the remainder of the insured's life.

Companies limit the amount of conditional coverage they offer and in most cases, a full initial premium is required to accompany the application if conditional coverage is being requested.

We filed the claim and the company paid the full death benefit minus 30 days premium for the amount of the grace period that had gone by.